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How to prevent remitting banks send docs to branches

Posted: Wed Jul 02, 2014 9:12 pm
by TradeLaporte
Dear Members

We have many cases where remitting banks are sending documents to our branches or agencies . This units are not aware of how to handle documentary collections and in many instances get surprise with their customers to deliver documents to them without the collection process. Should we request in the Urr that Banks should address these collections to only International trade units or foreign documentary departments to mitigate the risk ? Your comments highly appreciated it

doc. collection

Posted: Tue Oct 14, 2014 3:43 pm
by Gul
in my opinion this is not an option to put such restrictions in any rules
the banks should inform their clients of the branches where to send the documents to in case if such clients intend to receive documents from their customers on doc. collection basis.

also information in open sources (like Bankers Almanach etc.) should be updated, because sometimes remitting banks check Bankers Almanach or other similar sources when they don't have the exact address of the collecting bank.

Re: How to prevent remitting banks send docs to branches

Posted: Fri Apr 19, 2019 2:27 am
by LLawrence
You should instruct bank where to send the documents. You can put in 'Special Instruction' the address where the docs can be sent, however, on any reason if bank is not happy with the address you provided - they will contact you.